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The United States begins exploration for ArcelorMittal (MT) About complaints aluminum patent violation. (00:31) China’s Li Auto (Lee) put off Launch of all-electric SUV. (01:28) Microsoft (MSFT)reveal AI compatible PCs, new Surface models, Recall launch. (02:03)
This is a summary transcript of the podcast.
The United States International Trade Commission investigate complaints ArcelorMittal (NYSE:MT) VinFast (VFS) infringed a patent.
These patents are owned by ArcelorMittal (NYSE:MT) High-strength aluminum and aluminum alloy-coated steel are used in imported cars, Reuters reported on Monday.
ArcelorMittal (MT) said it first informed VinFast about the violation of its sport utility vehicle VF 8 in November 2022.The company also believes VF 3, VF 6, VF 7, and VF 9 will be similar. infringe a patent.
VinFast plans to begin delivering the VF 8 sport utility vehicle in California in 2023, and to open its first manufacturing plant in North America in North Carolina in 2025.
According to Reuters, ArcelorMittal purchased the VF 8 for testing purposes.
Pre-market MT rose 0.3% and VFS fell 10.7%.
Chinese automaker Li Auto (NASDAQ:Lee) has postponed the release of its all-electric SUV until 2019. First half of 2025said company CEO and founder Li Xiang late Monday.
The number of branded charging stations and additional exhibition spots are two important and necessary conditions for selling BEV SUV products. Mr. Xiang said this in a post-earnings conference call.
The company said it needs 500 to 600 more exhibition spots nationwide to supply stable sales of more than 10,000 units per model.
Li Auto reported its financial results on Monday but missed it. First quarter forecast.
Microsoft (NASDAQ:MSFT) has unveiled what it calls “the fastest, AI-enabled PC ever built.”
The new computer is called the Copilot Plus PC, the CEO said at a press-only event. These chips are developed by Qualcomm (QCOM), AMD (AMD) and Intel (INTC).
Microsoft expects to sell 50 million AI PCs from various manufacturers this year. Its partners include Acer, Asus, Dell (Dell), HP (HPQ), Lenovo, Samsung. OpenAI will also be included on these devices.
Microsoft also said that Windows 11 has been redesigned as follows: surpass appleMr. Miss(AAPL) MacBook Air is 58% faster and has a more efficient battery than the most advanced MacBook Air with the M3 processor.
“These new PCs are incredibly thin, light and beautiful,” Microsoft corporate vice president Yusuf Mehdi said in a live broadcast. blog Written by The Verge. “These are the most powerful Windows PCs ever made.”
The AI PC is scheduled to ship on June 18th, with prices starting at $990, and pre-orders begin today.
Microsoft also introduced a new Surface model that it said is faster than the MacBook Air.
The company also announced a new AI product called “Recall” at Monday’s event.
Recall, which runs exclusively on the new Copilot Plus PC, is powered by Qualcomm’s new Snapdragon X Elite chip and internally tracks nearly every action taken on that PC, including websites visited, communications during live meetings, presentations built, chats, and more.
Microsoft guarantees that all of this is kept securely on your device and is not used to train models.
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Catalyst watch:
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At the two-day JPMorgan Global TMT Conference, Block (square) Jack Dorsey, Datadog (DDOG) T-Mobile CEO Olivier Pommel (TMUS) CEO Mike Sievert and Snap (snap) CEO Evan Spiegel. The long list of companies scheduled to make announcements includes IMAX (IMAX), Arista Network (ANET), Mattel (mat), Comcast (CMCSA), Verizon (VZ), C3.ai (A.I.), Reddit (RDDT), and Coinbase Global (coin).
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At the American Thoracic Conference, Amgen (AMGN), Ateal Pharma (life), Crystal Biotech (Chris), and Gossamer Bio (goth)And so on.
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IBM (IBM) will hold a Think 2024 event. The opening keynote will discuss scaling your business with AI and hybrid cloud.
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Microsoft (MSFT) is hosting its annual event for developers, Microsoft Build, in Seattle.
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The June WTI crude oil futures contract is about to expire. Crude oil futures contract expiration dates have been volatile in the past year.
Now let’s take a look at the market price as of 6am. Dow, S&P, and Nasdaq futures are mixed ahead of today’s opening bell. Crude oil fell 0.4% to more than $78 per barrel. Bitcoin rose 6% to over $70,000.
In global markets, the FTSE 100 fell by 0.4% and the DAX fell by 0.6%.
of the biggest mover Premarket: Despite a better-than-expected third quarter, Palo Alto Networks (NASDAQ:Panwoo) decreased by approximately 9% due to the downward revision of the billing forecast for fiscal 2024.
Today’s economic calendar:
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9 a.m. Fed’s Christopher Waller speaks on economic outlook at event in Washington, D.C.
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At 11:45 a.m., the Federal Reserve’s Michael Barr will speak about banking regulation and supervision at a virtual event.
